| Singapore’s sovereign wealth fund (SWF), GIC Private Limited (GIC), has entered into a partnership with PT Trans Retail, the main retail arm of Indonesian conglomerate CT Corp, to invest an aggregate of 5.2 trillion rupiah (US$388.33 million) in Indonesian leading retailer, Trans Retail.
Trans Retail mainly operates hypermarkets, supermarkets, and cash and carry stores under the Carrefour and TRANSmart brands. GIC said in a statement on February 24 that the collaboration would allow Trans Retail to capture the full potential of Indonesia’s modern retail market...............................................Full Article: Source
|